RO Developments has just completed a 1,450 sq ft deal at its prime office building Hemel One, located on Boundary Way, Hemel Hempstead, Hertfordshire, meaning the building is now fully let.
City Transport Solutions, which provides on demand temporary replacement vehicles, drivers and haulage services, has leased part of the building’s first loor on a five year lease at a rent of £16 per sq ft or £23,200 per annum.
Hemel One comprises circa 96,000 sq ft over four floors and provides high-quality, air-conditioned office space with large open floor plates which are split into various size suites. The scheme has exceptional amenities including a
restaurant, UPS, generator, 24 hour security and very generous car parking, which has attracted multiple blue chip tenants to the building.
Located in Hemel Hempstead’s prime Maylands Business Area, within 1 mile of the M1 motorway, renowned occupiers include Ericsson, BP, Kodak, ASUS, Wipro, Lorica Consulting, Transcend, Vohkus, Five Go Live and Certus IT.
RO Developments director Richard Bourne commented: “We are delighted to welcome City Transport Solutions to Hemel One and we are very proud that the building is fully let. Occupiers are enjoying the location, amenities and quality of space. Many of our existing tenants are renewing and expanding within the building which demonstrates its attractiveness to occupiers.”
Brasier Freeth and Knight Frank advised RO Developments, City Transport Solutions were unrepresented.